Asset Protection Strategies DBA vs LLC
I am trying to figure out what is the best action to pursue in order to build the business. I am trying to figure out if I set up 3 LLC's one for Flips, one for Holds and one for operations or should start with a DBA and establish the asset protection strategy ones I begin to acquire properties and grow.
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@Edgardo Matos If you just begin your RE investing adventure, get some serious equity and cash flow first before worrying about asset protection strategies and structures. Learn about and make sure you have proper insurance and umbrella insurance, proper maintenance and property management first.
Then, depending on what you are doing and in what volume (e.g. a lot of flipping), you should complement your insurance with insurance against litigation = asset protection.
Ping me if you need more info - I can send you my notes on this subject and all the other rabbit holes it opens.